A generally followed trader believes that a Layer-1 decentralized exchange (Dex) Altcoin is on its way to rally to new peaks.
Pseudonyma analysts Altcoin Sherpa tells his 248,500 followers on the social media platform X that he believes Hyperliquid (Hype) looks very strong despite the latest market market.
Trader See themselves Hype consolidates near the heights for now before igniting a new leg on the way to a new record high.
“Hype has crazy strength right now, this one was quickly bought. Would not be surprised to see a little more hack here but $ 50+ is intended, even in these crazy times.”
At the time of writing, the hype is worth $ 40.44.
While Altcoin Sherpa is a hype, he says he is Baisse on two solana (Solar) -Based memecoins. The trader notes that Dogwifhat (Wif) and popcat (Waste) are both in the middle of a downward trend and can drop to much lower levels if BTC fails to print new holidays.
“Moment of Truth for many of these (coins) soon; it could only have been a lower high formed. It will all be dependent on BTC. If we see it blasting through the heights, we will go up again. If not, it probably goes (down) another 30-50%. Can see some examples with WIF, popcat.”
Based on the nutritional diagram, he seems to predict that popcat can fall as low as $ 0.22. At the time of writing, Popcat is worth $ 0.31.
When he looks at the nutritional diagram, he seems to suggest that WIF could throw to $ 0.60. At the time of writing, WIF is traded for $ 0.839.
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